\begin{table}
\centering
\begin{tabular}[t]{lcccc}
\toprule
  & (1) & (2) & (3) & (4)\\
\midrule
Democracy & \num{0.467}*** & \num{0.462}*** & \num{0.471}*** & \num{0.472}***\\
 & (\num{0.162}) & (\num{0.164}) & (\num{0.166}) & (\num{0.166})\\
ln Top 1\% Income Share & \num{0.087} & \num{0.086} & \num{0.088} & \num{0.088}\\
 & (\num{0.062}) & (\num{0.066}) & (\num{0.066}) & (\num{0.066})\\
ln Top 1\% Income Share $\times$ Democracy & \num{-0.172}*** & \num{-0.172}*** & \num{-0.176}*** & \num{-0.176}***\\
 & (\num{0.054}) & (\num{0.055}) & (\num{0.055}) & (\num{0.055})\\
ln GDP &  & \num{0.000} & \num{0.002} & \num{0.001}\\
 &  & (\num{0.095}) & (\num{0.096}) & (\num{0.096})\\
ln GDP per cap. &  & \num{-0.033} & \num{-0.036} & \num{-0.036}\\
 &  & (\num{0.103}) & (\num{0.104}) & (\num{0.104})\\
Trade Openness &  &  & \num{0.000} & \num{0.000}\\
 &  &  & (\num{0.001}) & (\num{0.001})\\
Economic Crisis &  &  &  & \num{-0.005}\\
 &  &  &  & (\num{0.022})\\
\midrule
Period Length & 1 year & 1 year & 1 year & 1 year\\
Country \& Period FE? & Yes & Yes & Yes & Yes\\
Countries & 112 & 109 & 109 & 109\\
Observations & \num{2,286} & \num{2,247} & \num{2,242} & \num{2,242}\\
Adj. R$^2$ & \num{0.836} & \num{0.833} & \num{0.834} & \num{0.834}\\
\bottomrule
\multicolumn{5}{l}{\rule{0pt}{1em}* p $<$ 0.1, ** p $<$ 0.05, *** p $<$ 0.01}\\
\multicolumn{5}{l}{\rule{0pt}{1em}Standard errors clustered by country. Independent variables lagged by 1 time period.}\\
\end{tabular}
\end{table}
